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And if anyone is in doubt this was fromlast years November Scout report from only 1 company. I won't bore you with the rest.
Gas Production Production Field By November 2020 (m³)
HAMAM 4,100.00
GOZ 1,340,235.00
GULHANIM 4,808.00
TOTAL 1,349,143.00
It is not stopping the National O&G company.
"Energy Diary - Natural gas will be searched in Lüleburgaz district of Kirklareli. In this context, TPAO will drill a borehole named Erikleryurdu-1.Natural gas exploration and extraction activities are planned by the Turkish Petroleum AO Thrace Regional Directorate at a point within the borders of Lüleburgaz District in Kirklareli Province AR/TPO/K/E18-C4 license area. The value of the project is estimated at approximately 1 million liras.Within the scope of the project, natural gas will be sought through the borehole named Erikleryurdu-1, which will be drilled in an area of ??17 thousand square meters. The well drilling will go down to a depth of 1000 meters. The cracking method will not be applied at the drilling points. If natural gas is found in the area, extraction works will be carried out. In the light of the studies carried out before drilling, it is estimated that a maximum daily production of 100,000-150,000 m3 can be made from the well. "
Canadian Thrace Basin Natural Gas Co. company will search for natural gas by drilling two boreholes in the Hayrabolu district of Tekirdag.
Thrace Basin Natural Gas (Turkey) Co., a subsidiary of Canadian Valeura Energy. Turkey Ankara Branch is planning to explore natural gas within the license area of ??AR/TGT-PIN-STT/K/F18-D1, D2, D4, which is located in Bayramsah and Kahya neighborhoods of Tekirdag's Hayrabolu district, covering a total area of ??35,788 hectares.
Within the scope of the project with a cost of approximately 3 million liras, when sufficient gas signs are seen in the well, the casing pipes will be lowered and cemented. After the cement has dried, appropriate wellhead equipment will be installed and the site will be delivered to the Well Completion team. If there is not enough gas in the well, the location will be collected by closing the well in accordance with the Petroleum Law and Environmental Laws and Regulations. "
I guess your brother is wrong.
That what he said, they have found many gas places and they have been very successful on project he says but until 2023 they are not allowed to take it out from the ground
Are you saying that AME are not extracting / extracting oil illegally? Or Perenco who are at 7000 bopd?
https://www.perenco.com/subsidiaries/turkey
My brother in law works for a gas company in Turkey .
They have been finding several gas all over the country but they are not allowed to take it out and sell it yet . If anyone knows the agreement was signed called treaty of lousanne !!!
Treaty of Lausanne, (1923), final treaty concluding World War I. It was signed by representatives of Turkey (successor to the Ottoman Empire) on one side and by Britain, France, Italy, Japan, Greece, Romania, and the Kingdom of Serbs, Croats, and Slovenes (Yugoslavia) on the other. The treaty was signed at Lausanne, Switzerland, on July 24, 1923, after a seven-month conference.
So as far as I know Turkey can not sell anything from ground such as oil ,gas , treasury …
This agreement will end 2023 . This means Turkey is allow to sell what they want.
So maybe it is holding by this agreement by government…
"our turn must be coming."
"The biggest mistake an investor can make is to assume that just because something is going up, it will continue to go up.
The second is to assume that when something starts to fall, it will go back up again."
Charlie Munger
I think some of the recent investors, trying to make a turn around the placing price, might be here a bit longer than the planned
Ukog won’t let us lth get out of this share we are trapped
Wouldn’t want to be out of this for the next 260 weekends…
Exploration, thanks for the link, I enjoy reading such reports. It could be caused by Aliens trying to escape from middle earth!!
But the more likely result will be the Greens accusing UKOG & Co. of fracking, causing bad water and earthquakes. Then another 2 years delay before someone says, Oh there have not been any disturbances some it must be the little green men.
Keep the faith All, our turn must be coming.
https://www.dailysabah.com/turkey/mysterious-noise-from-below-disturbs-turkish-village/news
This is rather amusing.
I actually had to go looking for this one.
Thankfully only the second page.
Imagine my surprise at seeing his classmate's name...
Lololol.
"helsbydrome07
Posted in: UKOG
Posts: 503
Price: 0.36
Buy
Tymers nice one.26 Jun 2020 22:16
Filled my trolley early June , mentioned 25/50% rise but Tymers said a 100% .good man. UKOG united."
Big hit oil leaking out of ground needs draining ASAP also price is right at the moment , another Sonder coming up.